1242
Registration
of Chinese partner-ships and partners. [cf. No. 39 of 1932,
s. 312.]
Conditions of regis-tration.
Effect of registration on liability.
Unregistered partner; and registered partner in registered
No. 53 of 1911.
CHINESE PARTNERSHIPS.
3. Chinese partnerships and partners therein may register in the manner and subject to the conditions by this Ordinance provided.
4.-(1) No partnership may register under this Ordinance unless one at least of its partners registers as a partner therein.
(2) Firms or family t'ongs may be registered as partners in a registered partnership: Provided that a firm or family t'ong so registered shall be regarded, so far as the partnership in which it is registered is concerned, as one person: Provided also that one partner only in the firm or one member only of the t'ong shall be registered as a representative of the firm or t'ong so registering as aforesaid: Provided also that no person may be registered as a representative of a firm or t'ong unless the Registrar of Companies is satisfied that he has the authority of the other members of his firm or the adult members of his t'ong to be registered as their representative in the registered partnership, and unless one month has elapsed since an announcement of his intention to apply for registration as a representative of the firm or t'ong in question has been published in the Gazette and in two Chinese daily newspapers circulating in the Colony.
(3) The Registrar of Companies shall register the names of all members of a family t'ong disclosed to him by such representative, including infants of any age; and thereafter members so registered shall have their liability limited in the same manner as if they were registered as partners under this Ordinance.
(4) Bodies corporate may be registered as partners in a registered partnership.
5.-(1) The liability of each partner in a registered partner-ship, which may sue and be sued in its registered name, shall be unlimited in respect of assets in his possession connected with the registered partnership.
(2) The liability of each unregistered partner in a registered partnership shall be unlimited.
(3) The liability of each registered partner in a registered partnership beyond his liability under sub-section (1) shall be
* As amended by Law Rev. Ord., 1939.